60 Quotes by Steven Wieting

This kind of sequential recovery, this coming up from the base, has been as good as we've seen in any economic recovery at this stage, but again this is multiyear process,

There's a lot of month-to-month volatility in these numbers, ... You had a tremendous amount of widening in February and then a snap back in March.

It will be a long time until anybody thinks the economy is stretched and can't produce enough to match demand. We could be dealing with it for all of 2004, certainly.

It's one of those rare Goldilocks reports, ... The idea here that there is still potential slack, the pool of available labor.

It's more of a victory lap. Literally a month ago people were arguing that prices would not stop going up. Now, data we would have killed for two years ago is seen as the end of the world. But alarmists on both sides of this thing have been shown to be wrong.

That kind of decline is a perfect fit with what we've seen in the household survey's measure of employment, ... if not in February, then in future benchmark revisions.

It's very unlikely for Fed to worry about month to month data changes, or even two months, as the markets do.

It takes a lot of confidence to buy cars and homes; people don't make that kind of decision on a whim.

The Labor Department gave guidance that workers held on payrolls would be counted as employed, even if they couldn't be on the job. Just assuming that everyone in New Orleans was out of a job was not the way to go.